Little Orphan Annie Gets a 2014 Makeover

January 5 was a sad day—it marked the final performance of Annie The Musical‘s Broadway revival.

But there’s good news: Columbia Pictures is in the final production stage of its modern remake, which is set to hit theaters this Christmas. That’s right, Little Orphan Annie is coming out of the Great Depression and into the 21st century.

The new Annie, played by the Oscar-nominated Quvenzhané Wallis (Beasts of a Southern Wild, 12 Years a Slave), is a foster kid living in Harlem, who bumps into a wealthy politician (played by Jamie Foxx!) while running through the streets of NYC. Another familiar face? Cameron Diaz is Miss Hannigan.

We don’t know about you guys, but we’re totally sold.

Just some casual NYC street dancing…with a full band, of course.

But if you’re a little bit more skeptical (looking at you, diehard Annie fans), check this out: On Wednesday, Columbia Pictures released the movie’s first trailer—and we’re excited to say that it includes both singing and dancing to the original songs we all know and love.

Looks like the sun will come out tomorrow…or rather, on Christmas Day. But, you know, we can wait.